Novem Group S.A. new in the Frankfurt Stock Exchange's Prime Standard
Release date: 19 Jul 2021 | Deutsche Börse Cash Market
Novem Group S.A. new in the Frankfurt Stock Exchange's Prime Standard
The Novem Group S.A. (ISIN: LU2356314745) has been listed in the Prime Standard on the Frankfurt Stock Exchange since today. The shares had an initial listing price of €16.50. The issue price was €16.50.
The IPO was accompanied by J.P. Morgan, Berenberg, Commerzbank, Jefferies and UniCredit. J.P. Morgan and Berenberg act as designated sponsors on Xetra. Specialist on the trading venue Börse Frankfurt is Baader Bank.
According to its own information, Novem Group S.A. is a leading global supplier of high-quality trim parts and decorative functional elements in vehicle interiors for car manufacturers. The company, headquartered in Vorbach, Germany, employs around 5,700 people. Last year, Novem achieved a revenue of more than €600 million.